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I <br />LEE COUNTY <br />Committed Today for a Better Tomorrow <br />LEE COUNTY BOARD OF COMMISSIONERS <br />ITEM ABSTRACT ITEM NO. I. A. <br />_ Information <br />Meeting Date: January 27, 2014 XX Action Item <br />Consent Agenda <br />SUBJECT Consider Changes to the Lee County Incentive Guidelines /Policy <br />DEPARTMENT Administration /Economic Development <br />CONTACT PERSON John Crumpton, County Manager <br />REQUEST Consider changes to the Lee County Incentives Guidelines /Policy <br />SUMMARY Lee County, City of Sanford, Town of Broadway, Lee County <br />Economic Development Corporation and the Sanford Lee County <br />Chamber of Commerce agreed to establish a taskforce that would <br />work together to create a new Public /Private partnership for <br />economic development in Lee County. Part of the taskforce work <br />has been to begin a fundraising campaign to raise private funds to <br />support the new combined organization. During the analysis phase <br />of the campaign conducted by Convergent, the consultant ran into <br />difficulties in getting commitments from private stakeholders that <br />would support the new organization due to the County's incentive <br />guidelines. Convergent, the EDC and Chamber recommended that <br />before the fundraising campaign could begin that the County's <br />incentive guidelines needed to be more competitive with our <br />surrounding counties. The attached guideline /policy is the result of <br />discussions within the local government committee of the taskforce. <br />The guidelines /policy is supported by the Chamber of Commerce <br />and the EDC. <br />BUDGET IMPACT N/A <br />ATTACHMENT(S) 1) Convergent Study <br />2) County's Current Incentive Guidelines <br />3) Incentive Policy recommendation <br />4) Incentive Guidelines recommendation <br />PUBLIC HEARING No <br />